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Consumers' Surplus The demand function for a certain brand of mattress is given by p = 650e-0.03x where p is the unit pr
Posted: Fri Jul 01, 2022 7:55 am
by answerhappygod
- Consumers Surplus The Demand Function For A Certain Brand Of Mattress Is Given By P 650e 0 03x Where P Is The Unit Pr 1 (67.97 KiB) Viewed 24 times
Consumers' Surplus The demand function for a certain brand of mattress is given by p = 650e-0.03x where p is the unit price in dollars and x (in units of a hundred) is the quantity demanded per month. (a) Find the number of mattresses demanded per month if the unit price is set at $200/mattress. (Round your answer to the nearest integer.) mattresses (b) Use the results of part (a) to find the consumers' surplus if the selling price is set at $200 per mattress. (Round your answer to the nearest dollar.) $ Need Help? Read It Submit Answer -/2 Points] DETAILS TANAPCALC10 6.7.007. Producers' Surplus The manufacturer of a brand of mattresses will make hundred units available in the market when the unit price is p= 150 + 70e0.06x MY NOTES PRACTICE ANOTHER dollars. (a) Find the number of mattresses the manufacturer will make available in the market place if the unit price is set at $350/mattress. (Round your answer to the nearest integer.) mattresses (b) Use the result of part (a) to find the producers' surplus if the unit price is set at $350/mattress. (Round your answer to the nearest dollar.)